Tag: binary options fraud

August 10, 2020 BY Steffy Bogdanova

Lee Elbaz ordered to pay $28 million in binary options fraud case

At the time of the verdict, the court did not order restitution but allowed the government leave to gather evidence and determine the amount. In addition to the Spot Option database which the government exclusively relied for information on the fraudulent activities, it now added declaration of Michael J. Petron, a certified public accountant and…

Read more
May 21, 2018 BY LeapRate Staff

Investment and Binary Options scams rise in record $340 million 2017 in Australia

The Australian Competition and Consumer Commission (ACCC) has reported that Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released today, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network…

Read more
April 18, 2018 BY LeapRate Staff

The truth behind Binary Options fraud: new CFTC video series

The U.S. Commodity Futures Trading Commission (CFTC) announced today the release of The Truth Behind Binary Options Fraud, new videos that give viewers a first-hand look at the tactics shrewd fraudsters use to con investors out of hundreds or even thousands of dollars. The first of the videos follows (for the second, see the bottom…

Read more
April 17, 2018 BY LeapRate Staff

Binary options and crypto CEO Blake Kantor arrested, faces 20 years in jail for fraud

The US Department of Justice has announced that a three-count indictment was unsealed yesterday (see below) in federal court in charging Blake Kantor, also known as “Bill Gordon,” with conspiracy to commit wire fraud, obstruction of an official proceeding and making false statements to Special Agents of the FBI. Kantor was arrested by federal authorities yesterday and…

Read more
The Entrepreneurs Headquarters fraud
January 19, 2018 BY LeapRate Staff

Dillon Michael Dean and The Entrepreneurs Headquarters Limited charged in Bitcoin and Binary Options fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges Dean and The Entrepreneurs Headquarters with engaging in…

Read more